FEDERAL GOVT PORTFOLIO OFFERING
Portfolio offering of two single-tenant facilities leased to the U.S. General Services Administration (GSA) for occupancy by the U.S. Department of Homeland Security (DHS); the properties feature a strategic and central location in Orlando, Florida in immediate proximity to Orlando International Airport
U.S. FEDERAL GOVERNMENT CREDIT
Leases guaranteed by the U.S. Federal Government, featuring an Aaa credit rating and unrivaled income security
LONG-TERM, FIRM LEASE STRUCTURES WITH BASE RENT GROWTH
Lease renewals commenced in 2020 and 2021 for new 15-year and 20-year terms, the leases include scheduled base rent increases and were structured without any amortized Tenant Improvement rent, resulting in an improved cost basis
BUILD-TO-SUIT CONSTRUCTION
The Orlando Homeland Security facilities were designed and built according to the specific requirements of the U.S. Department of Homeland Security in adherence with strict federal security and building construction standards; DHS-ERO was a comprehensive redevelopment in 2010 for occupancy by Enforcement and Removal Operations; DHS-HSI was built-to-suit in 2006 for Homeland Security Investigations
ESSENTIAL OPERATIONS FOR DEPT OF HOMELAND SECURITY
Orlando Enforcement & Removal Operations is responsible for a significant area of regional coverage in Central Florida, including the counties of Brevard, Highlands, Indian River, Lake, Marion, Okeechobee, Orange, Osceola, Seminole, St. Lucie, and Volusia; Orlando Homeland Security Investigations houses the Central Florida Intelligence Exchange, an all crimes / all hazards fusion center which supports nine counties, with on-site staffing from multiple federal, state, and local agencies
EXPANSION CAPABILITY
Both facilities comprising the portfolio have excess land which would accommodate tenant needs if a future expansion were necessary, DHS-ERO is comprised of 49,420 square feet of improvements situated on 5.30 acres of land, DHS-HSI includes 27,840 square feet of improvements sited on 4.86 acres